Range Resources Corp (RRC)

Operating return on assets (Operating ROA)

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Operating income (ttm) US$ in thousands 2,490,353 3,074,941 3,511,834 4,100,320 3,091,496 3,079,976 2,280,330 1,653,944 2,128,317 1,217,505 260,761 175,157 129,279 -4,400,809 -3,093,927 -2,705,078 -2,620,580 -1,918,720 -1,734,004 -2,229,823
Total assets US$ in thousands 7,203,880 6,845,940 6,790,170 6,882,270 6,625,560 6,919,780 6,615,100 6,560,280 6,660,510 6,304,190 6,229,430 6,174,660 6,136,940 6,012,900 6,452,210 6,589,640 6,612,400 8,854,200 9,728,310 9,635,060
Operating ROA 34.57% 44.92% 51.72% 59.58% 46.66% 44.51% 34.47% 25.21% 31.95% 19.31% 4.19% 2.84% 2.11% -73.19% -47.95% -41.05% -39.63% -21.67% -17.82% -23.14%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $2,490,353K ÷ $7,203,880K
= 34.57%

Range Resources Corp's operating return on assets (operating ROA) has shown fluctuations over the last eight quarters. In Q1 2022, the operating ROA was at a relatively lower level of 3.51%, indicating lower operating efficiency and profitability. However, there was a noticeable improvement in the following quarters, with the operating ROA steadily increasing to 41.32% in Q1 2023, reflecting improved operational performance.

The significant fluctuations in the operating ROA suggest that Range Resources Corp's ability to generate profit from its assets has varied over the period under review. The highest operating ROA was recorded in Q1 2023 at 41.32%, indicating a period of strong operational efficiency and higher profitability for the company. On the other hand, the lowest operating ROA of 3.51% in Q1 2022 highlights a period of lower operational efficiency and profitability.

Overall, it is important for Range Resources Corp to maintain a consistent and sustainable operating ROA to ensure long-term profitability and efficiency in utilizing its assets effectively to generate returns for its stakeholders.


Peer comparison

Dec 31, 2023